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4 A! v* |3 ^3 x. U+ R' P& oEDMONTON JOURNAL MAY 8, 2013) }7 _) B: Z# _9 J4 L0 q
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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. U5 C2 X# y5 A. V& S6 rEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday./ T) ?8 ^9 ?- b
1 Z4 Q. j0 b2 d, I/ KBuilders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year. ^4 Q$ W. T b) V/ k+ l7 X: \' c M2 J
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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2 |5 L0 {+ b5 JAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.8 s3 k' V) z* ~2 r3 F
3 _9 l/ K/ r [+ K& V' f7 w1 J! uConsumers remain confident despite a moderating pace of economic growth, he said.
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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